Final auction clearance rate collapses to new low

CoreLogic has released the final auction clearance rate for last weekend, which hit a new record low 30.2%:

According to CoreLogic:

Last week, a total of 1,922 homes were scheduled to go to auction across the combined capital cities, returning a final auction clearance rate of 30.2%; once again surpassing the previous week as the lowest on record for CoreLogic. Of the 440 properties reported as being sold across the capital cities, 60.9% sold prior to the scheduled auction date and of the 1,444 results collected more than half were withdrawn (56%).